Mountain Pacific Investment Advisers LLC Buys 340 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Mountain Pacific Investment Advisers LLC boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,316 shares of the industrial products company’s stock after purchasing an additional 340 shares during the period. UFP Technologies comprises 1.6% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 25th largest position. Mountain Pacific Investment Advisers LLC owned approximately 1.22% of UFP Technologies worth $22,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of UFP Technologies during the third quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of UFP Technologies during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC grew its stake in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of UFP Technologies by 67.5% in the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 81 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of UFP Technologies in the third quarter worth $56,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th.

Insiders Place Their Bets

In related news, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at $10,807,473.24. This represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is currently owned by corporate insiders.

UFP Technologies Trading Up 1.1 %

Shares of UFP Technologies stock opened at $265.04 on Tuesday. The stock has a market cap of $2.03 billion, a P/E ratio of 37.81 and a beta of 1.04. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12-month low of $152.43 and a 12-month high of $366.41. The business’s 50 day moving average is $274.04 and its 200-day moving average is $299.87.

UFP Technologies Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.